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INTRADAY INCOME PRESUMPTIVE INCOME

Tax queries 525 views 3 replies

Can intraday income from securities can be shown as presumptive income profit is 80percent of turnover value can it be shown as 6%profit or need to declare actual profit

Replies (3)

No, Intraday cannot be declared under sec, 44AD...

What expenses I can claim against intraday income if I file as no account case itr3 can I claim mobile recharge and wifi bill payment electricity as expenses

Yes, proportionately... Should be justifiable....


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